404 Chapter 12 35. The Salt & Pepper Company has two products, Product X and Product The Y, that it manufactures through its production facilities. contribution margin of Product X is P15 per unit, whereas Product y. contribution is P25. Each product uses Materials A and B. Product Y uses 3 pounds of Material A, and Product Y uses 6 pounds. Product y requires 6 feet of Material B, and Product can purchase only 600 pounds of Material The optimal mix of products to manufacture is Product X 146 units uses 4 feet. The company and 880 feet of Material B. Product Y O units. 100 units. 40 units. a. and O units 120 units 40 units b. and с. and d. and 120 units. (CMA, Adapted) Questions 36 and 37 are based on the following information. Kian Enterprises manufactures two products, boat wax and car wax, in two departments, the Mixing Department and the Packaging Department. The Mixing Department has 800 hours per month available, and the Packaging Department has 1,200 hours per month available. Production of the two products cannot exceed 36,000 pounds. Data on the two products follow: Hours Per 100 Pounds Mixing (M) 5.0 2.4 Contribution Margin (per 100 pounds) P200 150 Packaging (P) 3.6 6.0 Boat wax (B) Car wax (C) 36. The objective function for the linear program Kian would use to determine the optimal monthly production of each wax would be Z = 150B + 200C. b. a. 2B + 1.5C 2 36,000. 2B + 1.5C s 36,000. с. d. Z 200B + 150C. (CMA, Adapted) 37. The mixing constraint for the Kian linear program would be 2.4M + 6P 2 36,000. b. 5B + 2.4C 2 800. c. 5B + 2.4C s 800. a. d. 5B + 2.4C = 800. (CMA, Adapted)
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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